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This Agreement is made this 13th day of June, 2001, by and between U.S. Bank National
<br />Association ND ('Bank ") and Mountain West Financial, Inc. ( "Refinancer ").
<br />Bank is the beneficiary under a deed of trust (the " Junior Deed of Trust ") dated November 2,
<br />1999, granted by Cynthia K. Gorman, a single person ( "Borrower "), and recorded in the office of the
<br />Register of Deeds, Hall County, Nebraska, on December 3, 1999, as Instrument No. 0099111495,
<br />encumbering the real property described therein (collectively, the 'Property "). Refinancer is the
<br />benefi iary under a deed of trust (the "Senior Deed of Trust ") dated
<br />o..... 31 '2001 granted by the Borrower, and recorded in the same
<br />office on 3,, e.. a 7, I 20 o I as
<br />0 y -q encumbering the property. To induce Refinancer to make a
<br />loan to the Borrower secured by the Senior Deed of Trust, Bank has agreed to execute and deliver this
<br />Subordination Agreement.
<br />ACCORDINGLY, in consideration of the premises and for other good and valuable consideration, the
<br />receipt and sufficiency of which are hereby acknowledged, Bank hereby agrees with Refinancer that the lien
<br />of the Junior Deed of Trust on the Property is and shall be and shall remain fully subordinate for all
<br />purposes to the lien of the Senior Deed of Trust on the Property, to the full extent of all sums from time to
<br />time secured by the Senior Deed of Trust; provided, however, that the total indebtedness secured by the
<br />Senior Deed of Trust does not exceed $72,900.00, exclusive of interest thereon, amounts advanced to
<br />protect the lien and priority of the Senior Deed of Trust, and costs of collection, and provide further, that this
<br />agreement shall not be effective until each other mortgage or other lien recorded against the property (other
<br />than the Senior Mortgage) and each judgment that is a lien against the Property shall be subordinated of
<br />record of the lien of the Senior Mortgage.
<br />Legal Description: See Attachment A
<br />Property Address: 1818 15th Street West, Grand Island, NE 688033015
<br />IN WITNESS THEREOF, this Subordination Agreement is executed on the day and year first above stated.
<br />B e U aBakNational Association ND
<br />By: M. Kotula
<br />Title: erations Officer ✓
<br />STATE OF North Dakota )
<br />COUNTY OF Cass )
<br />The foregoing instrument was acknowledged before me this 13th day of June, 2001, by (name)
<br />Amy M. Kotula, the (title) Operations Officer of (bank name) U.S. Bank National Association ND a national
<br />banking association, on behalf of the associationQo ary PATTI D MILLER
<br />Notary Public Public
<br />State of North Dakota
<br />My Commission Expires May 24, 2006
<br />This instrument was drafted by: Lien Perfection, P.O. Box 2687, Fargo ND 58102
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<br />Deed Of Trust Subordination Agreement
<br />\'
<br />Account No. 66200107995850001
<br />This Agreement is made this 13th day of June, 2001, by and between U.S. Bank National
<br />Association ND ('Bank ") and Mountain West Financial, Inc. ( "Refinancer ").
<br />Bank is the beneficiary under a deed of trust (the " Junior Deed of Trust ") dated November 2,
<br />1999, granted by Cynthia K. Gorman, a single person ( "Borrower "), and recorded in the office of the
<br />Register of Deeds, Hall County, Nebraska, on December 3, 1999, as Instrument No. 0099111495,
<br />encumbering the real property described therein (collectively, the 'Property "). Refinancer is the
<br />benefi iary under a deed of trust (the "Senior Deed of Trust ") dated
<br />o..... 31 '2001 granted by the Borrower, and recorded in the same
<br />office on 3,, e.. a 7, I 20 o I as
<br />0 y -q encumbering the property. To induce Refinancer to make a
<br />loan to the Borrower secured by the Senior Deed of Trust, Bank has agreed to execute and deliver this
<br />Subordination Agreement.
<br />ACCORDINGLY, in consideration of the premises and for other good and valuable consideration, the
<br />receipt and sufficiency of which are hereby acknowledged, Bank hereby agrees with Refinancer that the lien
<br />of the Junior Deed of Trust on the Property is and shall be and shall remain fully subordinate for all
<br />purposes to the lien of the Senior Deed of Trust on the Property, to the full extent of all sums from time to
<br />time secured by the Senior Deed of Trust; provided, however, that the total indebtedness secured by the
<br />Senior Deed of Trust does not exceed $72,900.00, exclusive of interest thereon, amounts advanced to
<br />protect the lien and priority of the Senior Deed of Trust, and costs of collection, and provide further, that this
<br />agreement shall not be effective until each other mortgage or other lien recorded against the property (other
<br />than the Senior Mortgage) and each judgment that is a lien against the Property shall be subordinated of
<br />record of the lien of the Senior Mortgage.
<br />Legal Description: See Attachment A
<br />Property Address: 1818 15th Street West, Grand Island, NE 688033015
<br />IN WITNESS THEREOF, this Subordination Agreement is executed on the day and year first above stated.
<br />B e U aBakNational Association ND
<br />By: M. Kotula
<br />Title: erations Officer ✓
<br />STATE OF North Dakota )
<br />COUNTY OF Cass )
<br />The foregoing instrument was acknowledged before me this 13th day of June, 2001, by (name)
<br />Amy M. Kotula, the (title) Operations Officer of (bank name) U.S. Bank National Association ND a national
<br />banking association, on behalf of the associationQo ary PATTI D MILLER
<br />Notary Public Public
<br />State of North Dakota
<br />My Commission Expires May 24, 2006
<br />This instrument was drafted by: Lien Perfection, P.O. Box 2687, Fargo ND 58102
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